Dime Community Bancshares (NASDAQ:DCOMP) Trading Up 0.8% – Still a Buy?

Dime Community Bancshares, Inc. (NASDAQ:DCOMPGet Free Report) shares traded up 0.8% during trading on Thursday . The company traded as high as $18.74 and last traded at $18.69. 6,660 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 7,396 shares. The stock had previously closed at $18.54.

Dime Community Bancshares Price Performance

The stock’s 50-day moving average is $18.44 and its 200 day moving average is $19.06.

Dime Community Bancshares Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.3%.

Dime Community Bancshares Company Profile

(Get Free Report)

Dime Community Bancshares (NASDAQ:DCOMP) is the bank holding company for Dime Community Bank, a commercial bank headquartered in Hauppauge, New York. The company specializes in originating and servicing commercial real estate loans, with a primary focus on income-producing multifamily, office, retail and industrial properties. In addition to its lending activities, Dime Community Bancshares offers deposit products, cash management services and treasury solutions to small and medium-sized businesses as well as individual customers across its branch network.

The roots of Dime Community Bancshares trace back to the Dime Savings Bank of Williamsburgh, founded in 1864.

Further Reading

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